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Feb 8, 2013
02/13
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the eu budgets, 1% more, 1% less. i think what does matter is that they take home a victory from brussels saying we have austerity here. it gets them a few points in the uk prep. but beyond that, i'm not quite sure how much impact it will have on the european economy. >> okay. stay there. julia is ready, as well. julia, is this a victory for the british prime minister? >> well, it's interesting, isn't it? if we get an eu budget of 960 billion euros, then yes, it's a long-term cut. arguably, we can walk away and say we got what we asked for. the question is what happens with the eu contributions? do we still walk away with our rebates, too? we are starting to see information filtering through now. the italians on a growth income national basis, they're the highest contributors. they're probably happy with the latest contribution. the dutch are set to lose a third of their rebate. so the question is, in this tit for tat world that we have here in brussels, what would appease them? they have been arguing for cuts to the
the eu budgets, 1% more, 1% less. i think what does matter is that they take home a victory from brussels saying we have austerity here. it gets them a few points in the uk prep. but beyond that, i'm not quite sure how much impact it will have on the european economy. >> okay. stay there. julia is ready, as well. julia, is this a victory for the british prime minister? >> well, it's interesting, isn't it? if we get an eu budget of 960 billion euros, then yes, it's a long-term cut....
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Feb 8, 2013
02/13
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in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every region. asia was down a whopping 9.5%. >> exports boomed 25%, inflation cooled, but met expectations, capping off a two-week winning streak for stocks. >> a blowout quarter, users increase continued in momentum. >> the storm could be one for the record books. forecast calling for as much as 2 1/2 feet of snow in some parts of the northeast. already more than 3,700 flights have been canceled. we'll get more from the weather channel on the path of nemo. >>> mcdonald's down 1.9 in january. middle east and africa, europe saw a 1%, 2% decline. u.s. the only bright spot. comps up 9%. even some suggestion that asia, which is 40% japan, but also china, got tainted with the chicken contamination scare. >> that wouldn't sur
in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every region. asia was down a whopping 9.5%. >> exports boomed 25%, inflation cooled, but met expectations, capping off a...
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Feb 8, 2013
02/13
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there hasn't been a ton of move responding to the eu budget meeting which is reportedly winding up right now. there has been a lot of auction. adding 20% candidate as i can see here. the stoxx 600 is adding about 0.5% all told. take a look at this, bwin.com, there's talks about new jersey governor chris christie opening up online gaming. it leaves the possibility out there for atlantic city casinos to offer games like poker online. so bwin has a join venture with boyd gaming which is licensed in new jersey. and the view among analysts is that other states, potentially federal legislation could follow suit. this is a small step in the direction of perhaps allowing more and more of the u.s. market to gamble online, like you can already with this one. up 19%. watch shares generally speaking in the gaming session today because you can expect there will probably be some similar moves. just the final word, we saw the yen strengthening avenue the yen appeared to talk down some of its easing moves. the yen was still 1% stronger. the nikkei ended the day 12-day winning streak with one of its long
there hasn't been a ton of move responding to the eu budget meeting which is reportedly winding up right now. there has been a lot of auction. adding 20% candidate as i can see here. the stoxx 600 is adding about 0.5% all told. take a look at this, bwin.com, there's talks about new jersey governor chris christie opening up online gaming. it leaves the possibility out there for atlantic city casinos to offer games like poker online. so bwin has a join venture with boyd gaming which is licensed...
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Feb 26, 2013
02/13
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take out of yesterday's market action is that we're going to see a lot of language coming out of the eu over the next couple of months until this is settled that will have italy saying we're going to repudiate the policies you've seen and you'll have ben draghi and merkel coming in and saying we're getting tougher. so, the markets are in trouble. >> more back-and-forth volatility. >> but the issues are youaustey stair you atarity here and there. >> our thanks to steve liesman as always, and we're back in two minutes. >>> the nasdaq at its lowest level in more than a month. should you be buying the dip there? and home prices post their biggest gain since 2006. we're tackling the housing trade when the "half" comes back. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our i
take out of yesterday's market action is that we're going to see a lot of language coming out of the eu over the next couple of months until this is settled that will have italy saying we're going to repudiate the policies you've seen and you'll have ben draghi and merkel coming in and saying we're getting tougher. so, the markets are in trouble. >> more back-and-forth volatility. >> but the issues are youaustey stair you atarity here and there. >> our thanks to steve liesman...
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Feb 7, 2013
02/13
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. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out s&p. there's more to this story, or maybe there isn't. like i said, you can't fight city hall. one guy always fighting the battle keeping us informed about what may or may not be happening in europe is mark brand, southwest securities. mark, you were just listening to mr. draghi, and many of your comments, along with many traders on this floor, everyone was wondering when a big salvo to lower the value of the euro will be emanating from europe to keep up with the japanese. has that day arrived? >> no, the day hasn't arrived ye. i'll tell you what has arrived. the way the eu
. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out...
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Feb 1, 2013
02/13
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KCSMMHZ
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greece has the highest level of unemployment in the eu. the latest employment numbers for greece are from october. at that time, nearly 27% of greeks were unemployed. spanish employment levels are not much better. austria, germany, and luxembourg have the best employment numbers, but that's not enough to change a europe-wide trend. eurozone unemployment has been on the rise for the last five years. at the beginning of 2008, the jobless rate stood at 7.2%. today, 11.7% of eurozone residents looking for a job cannot find one. youth unemployment figures are especially worrisome. nearly one in four young people under the age of 25 cannot have a job. youth unemployment in spain tops 55%. >> german lawmakers began debating friday a controversial ban on the far-right party. the previous attempts to outlaw it failed in 2003. >> this new drive to ban the party came after revelations that a neo-nazi group linked to the npd carried out a decade- long string of racially motivated murders. >> a former high-ranking member of the far right npd is thought
greece has the highest level of unemployment in the eu. the latest employment numbers for greece are from october. at that time, nearly 27% of greeks were unemployed. spanish employment levels are not much better. austria, germany, and luxembourg have the best employment numbers, but that's not enough to change a europe-wide trend. eurozone unemployment has been on the rise for the last five years. at the beginning of 2008, the jobless rate stood at 7.2%. today, 11.7% of eurozone residents...
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Feb 22, 2013
02/13
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we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back markets in italy. hans, as we edge closer to that event, polls open sunday and they close on monday. we've seen the two-day sell off. is it related to the outcome here? >> well, i think the italian election has had an impact on market performance for the past few weeks. i guess that markets became much more cautious in investing in the debt market in italy and maybe as well as the debt market in spain, the cause of the potential inflation risk here. now, if we are getting an election result which markets may like, then the very clear majority left and under those circums
we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back...
WHUT (Howard University Television)
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Feb 17, 2013
02/13
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WHUT
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britain is a big supporter of turkey joining the eu. there were negotiations within the eu, and first, here is what is at stake. over the past six decades, the eu has expanded from a handful of states to its current membership of 27. the union has evolved into the world's biggest trading bloc. turkey, as well as eight countries, are still hoping to join. it seems a long journey. an associate member since 1963, turkey applied for full membership in 1987 and has been negotiating the terms ever since. under eu law, aspiring member states must comply to ensure that they are politically, financially, and psychologically ready to join. the turkish prime minister has set a deadline of 2023 to invite them to the party. but there is his country's human rights record, the dispute over cyprus, and other obstacles. so why does turkey still want to join it? after a number of unhappy years? my colleague talks to the man responsible. >> minister, after some 25 years of trying to be a full member of the eu, in terms of the formalities of it, the 1980's
britain is a big supporter of turkey joining the eu. there were negotiations within the eu, and first, here is what is at stake. over the past six decades, the eu has expanded from a handful of states to its current membership of 27. the union has evolved into the world's biggest trading bloc. turkey, as well as eight countries, are still hoping to join. it seems a long journey. an associate member since 1963, turkey applied for full membership in 1987 and has been negotiating the terms ever...
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Feb 12, 2013
02/13
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referendum or an eu budget cut? >> i am very grateful to my honorable friend for his support. it is absolutely right to say that the british parliament speaks clearly about these issues and is listened to carefully in the corridors of brussels. that is true. we should always respect the fact that it is to this parliament that prime ministers have to answer. >> what did other leaders say to the prime minister in the margins about a british referendum? does he believe that this budget deal makes the case for britain staying in europe stronger? >> i would say that the reaction that i have had to the speech i made a few weeks ago has been, on the whole, fairly positive, because people can see that it is not some simplistic argument about an immediate referendum -- it is a well-argued case, i would say, for how europe should reform and how we should secure britain's place within it. these discussions show that britain can get good deals done with partners in europe having made a speech on that subject. i think that actua
referendum or an eu budget cut? >> i am very grateful to my honorable friend for his support. it is absolutely right to say that the british parliament speaks clearly about these issues and is listened to carefully in the corridors of brussels. that is true. we should always respect the fact that it is to this parliament that prime ministers have to answer. >> what did other leaders say to the prime minister in the margins about a british referendum? does he believe that this budget...
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Feb 21, 2013
02/13
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this seems to be one more driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's chairman is not seeking a break-up of the bank. a story in today's wall street journal says michael o'neill was among those encouraging investors not to break up the bank. he is backing abroad cost cutting plans, but exploring a break-up is no longer said to be among his top priorities. >>> and top equity firm sports ing represents tennis players and lots of people including super model giselle bundchen. back in the day owned roger federer. the decision to sell has been driven by the trustee who own tess state of the former ceo and chairman. peemp say it could fetch mother than
this seems to be one more driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's...
WHUT (Howard University Television)
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Feb 7, 2013
02/13
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they cannot afford any cut in revenue from the eu. northern european nations are close to the uk position. the french suggest david cameron may have to back down a bit. >> a compromise is possible, but we must be reasonable, so we need to reason with those who want to cut the eu budget. >> one of the front lines in the battle of the budget is here at the european union -- european commission. the cost of running the european union is actually a relatively small part of overall spending, yet some governments say that staff numbers and salaries must be cut here in order to reduce that spending. some eu workers went on strike this weekend against that idea. they point out the ee you is being asked by its members to do more with potentially less money -- the eu is being asked by its members to do more with potentially less money. >> i am george alagiah. the top stories this hour -- a black day for australian sport. widespread doping is uncovered, as well as allegations of match fixing. we are going to stay with that story. with me is an a
they cannot afford any cut in revenue from the eu. northern european nations are close to the uk position. the french suggest david cameron may have to back down a bit. >> a compromise is possible, but we must be reasonable, so we need to reason with those who want to cut the eu budget. >> one of the front lines in the battle of the budget is here at the european union -- european commission. the cost of running the european union is actually a relatively small part of overall...
WHUT (Howard University Television)
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Feb 24, 2013
02/13
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WHUT
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are the potential solution, a new patent court was set up this week working for the eu. one longtimee -- campaigner is the creator of the radio. he revealed he may have to sell up his home in london, a place that is his invention headquarters. >> this is in the guinness book of records. have devices inside there. when you put your foot down, every time you do that, a little tweak of electricity comes through. it is injected into your mobile phone battery. i call myself an inventor. this workshop is where it all began. the is a graveyard of thousand domestic appliances. i am known for making the clockwork radio. that is how i wound up. i was watching the program about the spread of hiv aids in africa. the only way they could stop this disease was through radio. there was a problem. most people in africa did not have electricity. the only other form of electricity was in the form of batteries. i am thinking to myself, all those years ago, i could see myself with an old-fashioned gramophone. -- wound this thing up this thing up. it produces the volume of sound. there must b
are the potential solution, a new patent court was set up this week working for the eu. one longtimee -- campaigner is the creator of the radio. he revealed he may have to sell up his home in london, a place that is his invention headquarters. >> this is in the guinness book of records. have devices inside there. when you put your foot down, every time you do that, a little tweak of electricity comes through. it is injected into your mobile phone battery. i call myself an inventor. this...
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Feb 25, 2013
02/13
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we saw the eu downgrading france's budget deficit forecast last friday. the defense finance minister just came out and said we're maintain the cutting deficit concerns and 2013 will be a year of major structural reform in france. we'll see what he delivers. david einhorn has been pushing his own plan to get apple to unlock more cash by issuing p perpetual preferred shares. his request was denied to seek an advisory vote on executive pay. apple is holding its shareholder meeting on wednesday. sgha l. >>> ny capital is reportedly selling a bond trade. one of the companies that came to its rescue. the deal could be announced this week. it reportedly clus knight's institutional bond trading business. nye is pretty flat in frank frurt. still to come, plenty more to come with kelly in barcelona. in the meantime, head to our website for the latest in mobile trends. we want to know which trend you're most excited about, as well. e-mail us, or tweet us. still to come on the show, the blame game continues over deepwater wore rideson as bp heads to court today for a
we saw the eu downgrading france's budget deficit forecast last friday. the defense finance minister just came out and said we're maintain the cutting deficit concerns and 2013 will be a year of major structural reform in france. we'll see what he delivers. david einhorn has been pushing his own plan to get apple to unlock more cash by issuing p perpetual preferred shares. his request was denied to seek an advisory vote on executive pay. apple is holding its shareholder meeting on wednesday....
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Feb 12, 2013
02/13
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/eu free trade agreement. >> i disagree with that. >> they have big deficiencies, and actually a bulwark on standard setting -- >> you disagree with the idea of trade -- >> no i definitely think trade boosts growth and want to see more net exports. what i have never seen is a connection between free trade agreements and an increase in our gdp or even our positive trade balance. more often than not -- >> when you look at nafta, haven't they finally concluded that there were more jobs created here because we were selling more? >> no, in fact, nafta is a -- nafta is a good example -- >> trade balance with mexico went negative. i'm saying after nafta our trade deficit with mexico went from positive to negative. >> nothing happens in a vacuum. >> it's a -- >> but -- >> current -- >> intellectually -- >> don't you know that free trade -- >> absolutely. i'm all for free trade. the nafta we were just talking about, it was 1200 pages. it actually doesn't take that long to write a free trade agreement. the nafta and many others -- >> that was shorter than the health care reform bill? >> you know,
/eu free trade agreement. >> i disagree with that. >> they have big deficiencies, and actually a bulwark on standard setting -- >> you disagree with the idea of trade -- >> no i definitely think trade boosts growth and want to see more net exports. what i have never seen is a connection between free trade agreements and an increase in our gdp or even our positive trade balance. more often than not -- >> when you look at nafta, haven't they finally concluded that...
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Feb 23, 2013
02/13
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like the eu as a whole, it is not expected to see growth above 1% until 2014. >> despite all the bad news from the eurozone, german businesses think the future is looking up. the business confidence index has gone up again in february. >> it is the fourth month in a row that the index has risen. it is at its highest level in nearly a year. and to service thousands of german companies about the prospects every month. >> german carmaker volkswagen made record-breaking profits but still sees a bumpy road ahead. they took in almost 32 billion euros last year, more than ever before. >> revenues from vw subsidiary portion did particularly well, but the ceo said that the company expected a tough year in 2013, especially because of instability in southern and western europe. >> onto friday's market action now, and german blue chips rebounded on the final trading day of the week. the surprisingly strong ifo index prompted many traders to jump back into the market. our correspondence sent us this summary. >> good is often not good enough. vw presented stellar results and a the highest profits
like the eu as a whole, it is not expected to see growth above 1% until 2014. >> despite all the bad news from the eurozone, german businesses think the future is looking up. the business confidence index has gone up again in february. >> it is the fourth month in a row that the index has risen. it is at its highest level in nearly a year. and to service thousands of german companies about the prospects every month. >> german carmaker volkswagen made record-breaking profits...
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Feb 28, 2013
02/13
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that some kind of special actions, for instance, or giving special job opportunities for -- and the eu commission is already discussing this i think this is something that has to be added, and that, i hope, will also increase the understanding of the population of these countries. >> what do you think about what the bank of japan is doing right now with its policies, really pressuring the yen, that adds pressure, in turn, to the euro, which has pushed higher, versus the yen on these things, the u.s. watches that very closely. what do you think of their policy? >> yes, of course, we do watch it. but i think it's much overblown to speak of the currency war, something like that. what we observe is that the japanese central bank, the japanese government, wants to avoid the deflationary development, which i think makes a lot of sense. so i'm not too much concerned about that. >> so it's not a beggar thy neighbor policy at this point with the central banks around the globe? >> no. if it really leads to higher growth, that is the intention to have, then it's not beggar thy neighbor, then it's
that some kind of special actions, for instance, or giving special job opportunities for -- and the eu commission is already discussing this i think this is something that has to be added, and that, i hope, will also increase the understanding of the population of these countries. >> what do you think about what the bank of japan is doing right now with its policies, really pressuring the yen, that adds pressure, in turn, to the euro, which has pushed higher, versus the yen on these...
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Feb 8, 2013
02/13
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with the eu summit happening, is the risk back on? > > you know, the market itself, in levels, is really in consolidation. the euro currency had a big sell-off yesterday, and everybody wants to blame it on what the new policy is. how since the euro currency was up 9%, that it was entitled to a .75% sell-off. i think you want to be looking to short the euro and short europe. that is where i would be looking to trade. > todd, good to have you on the show this morning. we have more on europe coming up in the show. > > have a great day. it may be called the chicago auto show, but this year it's become "year of the truck." as our cover story explains, the reason is the rebound that's beginning to happen in the housing market. ram trucks highlighted its eight-speed and 25 miles per gallon on the highway pickup, as well as its truck-based new entry into the commercial van market. why so many brawny vehicles? "the housing market is getting better and sales are directly tied to housing starts." "if housing goes up, the construction guys will n
with the eu summit happening, is the risk back on? > > you know, the market itself, in levels, is really in consolidation. the euro currency had a big sell-off yesterday, and everybody wants to blame it on what the new policy is. how since the euro currency was up 9%, that it was entitled to a .75% sell-off. i think you want to be looking to short the euro and short europe. that is where i would be looking to trade. > todd, good to have you on the show this morning. we have more on...
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Feb 8, 2013
02/13
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the fight over how much the eu spins and on what continues -- the fight over how much the eu spends and done what continues. >> a shocking discovery ford u.k. consumers. a brand of ready-made lasagna contained horse meat rather than beef. the manufacturers withdrew it on monday but say they do not believe there is not a -- they do not believe there is a safety problem. the eating of horse meat is quite a taboo. a member of the u.s. commerce community faces a long prison sentence for his role in a series of attacks in which victims hair and beards were forcibly cut off -- a member of the u.s. amish community. he and 15 members of his breakaway group were found guilty of five hate crimes in the american state of ohio. heavy snowfall started in the northeast of the united states. it is the beginning of what is predicted to be a massive, even historic, a blizzard. people have been stocking up on food and other supplies ahead of the storm, which is poised to dump up to a meter of snow from new york city to boston and beyond. the parents of a teenage girl shot dead days after appearing at pre
the fight over how much the eu spins and on what continues -- the fight over how much the eu spends and done what continues. >> a shocking discovery ford u.k. consumers. a brand of ready-made lasagna contained horse meat rather than beef. the manufacturers withdrew it on monday but say they do not believe there is not a -- they do not believe there is a safety problem. the eating of horse meat is quite a taboo. a member of the u.s. commerce community faces a long prison sentence for his...
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Feb 18, 2013
02/13
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LINKTV
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the eu has failed to introduced before reaching labeling laws for ready meals. that's no do to change. the origin of food products much more clearly identified. >> most of all, we want to work together to resolve these cases as quickly as possible. >> they want a meet screening program that goes beyond the eu guidelines. they also want an early-warning system looking out for supply chain irregularities. the sanctions are clearly not enough of a deterrent. >> we want this to be made as unattractive as possible which requires appropriate sanctions and the targeting unjust profits. >> that means the authorities will be able to completely confiscate all profits made through mislabeling. >> and other foods scandal and some argue the food industry is credit -- struggling to remain profitable in an increase in competitive world. >> they try to outbid each other, but as we see this comes at a price and it can be quality. >> and this is because of tight restrictions already in place and it's not the first time it's happened either. >> it was 1996 that a link was confirme
the eu has failed to introduced before reaching labeling laws for ready meals. that's no do to change. the origin of food products much more clearly identified. >> most of all, we want to work together to resolve these cases as quickly as possible. >> they want a meet screening program that goes beyond the eu guidelines. they also want an early-warning system looking out for supply chain irregularities. the sanctions are clearly not enough of a deterrent. >> we want this to be...
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Feb 18, 2013
02/13
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KCSMMHZ
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the eu has failed to introduced before reaching labeling laws for ready meals. that's no do to change. the origin of food products much more clearly identified. >> most of all, we want to work together to resolve these cases as quickly as possible. >> they want a meet screening program that goes beyond the eu guidelines. they also want an early-warning system looking out for supply chain irregularities. the sanctions are clearly not enough of a deterrent. >> we want this to be made as unattractive as possible which requires appropriate sanctions and the targeting unjust profits. >> that means the authorities will be able to completely confiscate all profits made through mislabeling. >> and other foods scandal and some argue the food industry is credit -- struggling to remain profitable in an increase in competitive world. >> they try to outbid each other, but as we see this comes at a price and it can be quality. >> and this is because of tight restrictions already in place and it's not the first time it's happened either. >> it was 1996 that a link was confirme
the eu has failed to introduced before reaching labeling laws for ready meals. that's no do to change. the origin of food products much more clearly identified. >> most of all, we want to work together to resolve these cases as quickly as possible. >> they want a meet screening program that goes beyond the eu guidelines. they also want an early-warning system looking out for supply chain irregularities. the sanctions are clearly not enough of a deterrent. >> we want this to be...
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you could also say the good news out of europe this morning putting a bid under the market with eu leaders agreeing to budget cuts for the first time in seven years. what's not to love? >> everything is to love. the volume is light, it doesn't matter, and generally i would have disputed that, but i think volume is light, if it would have been bigger then we would have had more to the upside. i think a lot of volume is due to people going home. i sense the sentiment is correct, people like this market. they like it. liz: they like it. okay. it's that moment at the moment until there is some type of negative headline; right? i mean when you look at that, that's what's been our biggest problem. >> i think it has been. this has been headline driven for the last three or four years. i think since january truly people have decided they are going to put their money in the stock market. i mean they think the fundamentals are getting better. we saw this this morning with the data out of china and the u.s. i think people are continuing to feel better, and as long as they are feeling better, they are
you could also say the good news out of europe this morning putting a bid under the market with eu leaders agreeing to budget cuts for the first time in seven years. what's not to love? >> everything is to love. the volume is light, it doesn't matter, and generally i would have disputed that, but i think volume is light, if it would have been bigger then we would have had more to the upside. i think a lot of volume is due to people going home. i sense the sentiment is correct, people like...
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Feb 19, 2013
02/13
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german soldiers will work together with units from other eu countries. >> the army needs to be trained from scratch so they can take over security themselves. we hope this is feasible, but it is a difficult and long-term challenge. >> the german parliament is expected to approve the changes to the mandates for the german forces. both will expire in one year's time. despite this, though, berlin knows its troops could be in for the long haul. >> germany's constitutional court has eased restrictions on same-sex couples adopting children. the justices ruled that one member of a civil partnership should be able to adopt their partners stepchild or adopted child. >> as the case with heterosexual married couples as well. until now, they could only adopt a partner's biological child. >> this is the steinbeck family. kim was adopted. miles is vera's biological child. that allowed him to be adopted, but not his sister. now judges said that discrepancy violates the constitution. >> the fact that the civil partner is a homosexual is no reason for different rulings on adoption. couples in a long-te
german soldiers will work together with units from other eu countries. >> the army needs to be trained from scratch so they can take over security themselves. we hope this is feasible, but it is a difficult and long-term challenge. >> the german parliament is expected to approve the changes to the mandates for the german forces. both will expire in one year's time. despite this, though, berlin knows its troops could be in for the long haul. >> germany's constitutional court...
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Feb 15, 2013
02/13
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CNBC
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. >> we have scotland and then we will have the eu probably about 16 or 17 after the next -- >> i've invited you to be the 51st state over here. >> that's all you will be over here. >> you try to tax us without representation, we'll try to -- >> it's a good number. >> martin b what do you think about the referendum? >> i got myself into trouble by saying that it increases uncertainty. it's what i called the fifth grace one and so there's more uncertainty now. from a political point of view, there's -- >> because of the referendum? right. the prime minister made the right decision. the uk sort of right wing party, it liked the tea party, i guess, in some respects has gained 16% of the vote according to the polls. take more from the trres or from labor. so i think the prime minister was concerned about that. having a referendum laid it out. we did some polling, online polling after the speech. they thought the referendum was right. content of the speech was good, they would vote for the coming out of. there's a lot of work to be done until we get to the referendum what does it mean tor
. >> we have scotland and then we will have the eu probably about 16 or 17 after the next -- >> i've invited you to be the 51st state over here. >> that's all you will be over here. >> you try to tax us without representation, we'll try to -- >> it's a good number. >> martin b what do you think about the referendum? >> i got myself into trouble by saying that it increases uncertainty. it's what i called the fifth grace one and so there's more...
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Feb 28, 2013
02/13
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CNBC
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it's not automatic because it still needs be effectively signed off by eu heads of state or eu finance ministers. as it's laid out, the european parliament in conjunction has decided this is what's going to happen. it is the far restricted cap on bonuses in the banking sector anywhere in the world. >> and london can't opt out, it sounds like. >> though. >> so if this moves forward -- i don't know what other levage, at a time when the uk is talking about renegotiating its rip with the european union. this seems like one area where it comes into focus. >> and it still has to be officially signed off. but at the moment, that's what's laid out. >> i just wonder if mayor bloomberg in new york is going, yeah, go ahead, guys. guys, if you want your bonus, you can come right over here. >> they're all looking at this thinking, this is good for pus. >> the other story we're following this morning is the sequester. fitch has said it could prompt negative ratings action. not because of the sequester itself necessarily, but because of the politics and the way it was handled. head to cnbc.com to rea
it's not automatic because it still needs be effectively signed off by eu heads of state or eu finance ministers. as it's laid out, the european parliament in conjunction has decided this is what's going to happen. it is the far restricted cap on bonuses in the banking sector anywhere in the world. >> and london can't opt out, it sounds like. >> though. >> so if this moves forward -- i don't know what other levage, at a time when the uk is talking about renegotiating its rip...
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Feb 19, 2013
02/13
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KRCB
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they barred north korea banks from opening new branches in the eu. they banned be export and importof compones ttould be used in ballistic missiles including certain types of aluminum. they put a satellite into orbit. >>> chinese officials have taken over management of a port in pakistan. officials from a chinese state run firm akwared the right to control gwadar port. it lies near the strait of hormuz. pakistani president and chinese ambassador attended a handover ceremony in the capital islamabad. it imports most of its crude oil from the gulf. >> it gives new importance to pakistan-china relations. it takes a step further into the realm of economic cooperation. the chinese ambassador says much sia remains unstable. he said they must take advantage when they see openings. >> under this new situation, china-pakistan should work more closely to seize opportunities and to meet challenges. >> chinese companies were solved in a series of port projects in myanmar. the entrance into pakistan has raised concerns among leaders in neighboring india. >>> th
they barred north korea banks from opening new branches in the eu. they banned be export and importof compones ttould be used in ballistic missiles including certain types of aluminum. they put a satellite into orbit. >>> chinese officials have taken over management of a port in pakistan. officials from a chinese state run firm akwared the right to control gwadar port. it lies near the strait of hormuz. pakistani president and chinese ambassador attended a handover ceremony in the...
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Feb 25, 2013
02/13
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KCSMMHZ
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its economic growth has been dwarfing the eu's recently. >> who needs who more? >> they have become an important trading partner and that is increasingly clear on the streets of istanbul. >> the name may be hard to pronounce, but that does not stop them at this german shoe store from snapping up the products. turkey is a lucrative market for german retailers. they have 80 stores across the market. the manager who grew up in germany says he is not surprised. turkey has a lot to offer. >> we have political and economic stability and a young population. the average age here is 28. people like to shop and they're very fashion-conscious. >> from coffee to electronics, the big german retailers are now in shopping malls, yet when it comes to their bid to join the european union, germany remains reluctant. they doubt they will ever become members. >> the eu was going through a crisis which will make it even harder for turkey to get membership. are not very helpful. >> it is not turkey that needs europe. europe needs turkey. they should accept us as members. >> survey sho
its economic growth has been dwarfing the eu's recently. >> who needs who more? >> they have become an important trading partner and that is increasingly clear on the streets of istanbul. >> the name may be hard to pronounce, but that does not stop them at this german shoe store from snapping up the products. turkey is a lucrative market for german retailers. they have 80 stores across the market. the manager who grew up in germany says he is not surprised. turkey has a lot to...
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Feb 9, 2013
02/13
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KCSM
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." >> here's what's coming up on the show -- after grueling marathon negotiations, the eu agrees on a budget bill that for the first time sees a cut in spending. >> street battles in tunisia following the funeral of the slain opposition leader chokri belaid. >> millions are in asia heading home to celebrate the year of the snake. for the first time in the history of the european union, the long-term budget will be cut. 27 eu leaders meeting in brussels have agreed to a final budget during a second summit arranged especially to do so. we will go live to brussels for the latest in just a moment. >> that's right -- the drastically reduced seven-year budget is worth 959 billion euros and was hammered out after two days of nearly round-the- clock negotiations and is far less than the just over $1 trillion euros -- and the one trillion euros the commission chancellor angela merkel went into the talks saying she was confident the agreement would be reached. in the end, the 27 member states came up with a compromise that even british prime minister david cameron welcomed as a good deal for br
." >> here's what's coming up on the show -- after grueling marathon negotiations, the eu agrees on a budget bill that for the first time sees a cut in spending. >> street battles in tunisia following the funeral of the slain opposition leader chokri belaid. >> millions are in asia heading home to celebrate the year of the snake. for the first time in the history of the european union, the long-term budget will be cut. 27 eu leaders meeting in brussels have agreed to a...
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Feb 26, 2013
02/13
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KCSM
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as country in the eu, the german role is very important here. why not 2023, for example, the 100's anniversary of the turkish republic. >> the turkish economy remains robust and is forecasted to grow by 3% this year. the more they prosper, the more they're beginning to fear that perhaps they do not need europe after all. even without the membership, more than 4000 german companies are involved in turkey. germany is their largest trading partner by far. berlin's restrictive visa policies are a hassle. >> first of all, we need an official invitation before we can come. then we need to prove salary, but the flight tickets. it's very time-consuming. a reform of the business visa is long overdue. >> business may be booming but complete harmony is still a distant dream. >> coming up after the break, a closer look a conflict in syria. >> and who does not love the oscars? the european angle is next. >> the syrian government say they are ready to hold talks with armed opposition groups.pte announcement in moscow ahead of talks with officials. >> we do no
as country in the eu, the german role is very important here. why not 2023, for example, the 100's anniversary of the turkish republic. >> the turkish economy remains robust and is forecasted to grow by 3% this year. the more they prosper, the more they're beginning to fear that perhaps they do not need europe after all. even without the membership, more than 4000 german companies are involved in turkey. germany is their largest trading partner by far. berlin's restrictive visa policies...
WHUT (Howard University Television)
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Feb 10, 2013
02/13
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WHUT
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. >> several years we have seen the impact of the eu on our economy. on the right of unemployment and social problems. i demanded renegotiation of a certain number of trees in order to control immigration, but also, they prevent france from projecting a certain number. as a result, i understand mr. cameron in his desire for renegotiation, even if the consequences would not be the same for his government and the government that i would eventually lead. >> last month, david cameron of for the u.k. the prospect of an in-out referendum. >> i want to do the same thing as great britain. if i came to power tomorrow, i would decide to organize a referendum within 12 months. i would give myself 12 months to negotiate the most important points with the european union, and at the end of that, i would ask the french people to have their say on the points that we manage to renegotiate any points that the european union refused to negotiate. >> the issue of immigration played a prominent role in last year's election during a campaign which question the nature of fre
. >> several years we have seen the impact of the eu on our economy. on the right of unemployment and social problems. i demanded renegotiation of a certain number of trees in order to control immigration, but also, they prevent france from projecting a certain number. as a result, i understand mr. cameron in his desire for renegotiation, even if the consequences would not be the same for his government and the government that i would eventually lead. >> last month, david cameron of...
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Feb 15, 2013
02/13
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creates pressure for companies to change their place of business. >> but the eu commission says the 11 participating countries are trail blazers. it believes other countries will soon follow suit. one reason is it will bring in up to 35 billion euros in additional revenue each year. >> the financial transaction tax has high symbolic value for the 11 participating euro countries. their goal is to make over trading less attractive and to share costs with those who caused the financial crisis, the financial sector. >> the aftershocks of the financial crisis i definitely still with us. the latest data showed the eurozone economy sank deeper into recession at the end of last year. >> for the first time, it has hit germany hard. germany's economy contracted at its fastest pace since the worst days since the financial crisis. >> german exports are down, a sharper than expected drop in international demand for products made in germany caused europe's largest economy to get smaller in the final quarter of 2012. between october and december, germany's gross domestic product fell by 0.6%. ital
creates pressure for companies to change their place of business. >> but the eu commission says the 11 participating countries are trail blazers. it believes other countries will soon follow suit. one reason is it will bring in up to 35 billion euros in additional revenue each year. >> the financial transaction tax has high symbolic value for the 11 participating euro countries. their goal is to make over trading less attractive and to share costs with those who caused the financial...
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Feb 9, 2013
02/13
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LINKTV
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eu leaders agree to cut the european budget for the first time. and at the berlin film festival, a screening for promised land starring matt damon. emergency services are on alert along the east coast of the united states. a massive blissrd has knocked out power to more than half a million households and led to the shutdown of at least one nuclear plant. massachusetts officials have urged people to avoid unnecessary travel. the governor has issued a driving ban to keep roads free for rescue and clearing vehicles. meteorologists gave plenty of warning but the storm has dumped so much snow people are still struggling to cope. >> new york's la guarda was only one of many airports that were badly hit with thousands of flights canceled. day-to-day life has all but ground to a halt on the east coast. >> i'm going to declare a state of emergency east coastive this afternoon. which gives the state more flexibility and local governments more flexibility in dealing with this situation. >> in some places, snow has been falling at a rate of 10 centimeters an
eu leaders agree to cut the european budget for the first time. and at the berlin film festival, a screening for promised land starring matt damon. emergency services are on alert along the east coast of the united states. a massive blissrd has knocked out power to more than half a million households and led to the shutdown of at least one nuclear plant. massachusetts officials have urged people to avoid unnecessary travel. the governor has issued a driving ban to keep roads free for rescue and...
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Feb 1, 2013
02/13
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LINKTV
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. >> 1 trillion euros -- that's roughly how much the eu countries lose every year to tax evasion. brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially small and medium-size companies. >> it was a spectacular protest against italy's new tax laws. the owner of a small beach bar scaled the dome of st. peter's basilica in rome and stayed put for some 24 hours. when he climbed back down, he was greeted by a cheering crowd. [applause] >> i really hope this tax issue is resolved soon and our small businesses as well as the whole economy can pick up again, at least a little. >> the tax measures by italy's technocrat government under the prime minister are another weapon in the country's n
. >> 1 trillion euros -- that's roughly how much the eu countries lose every year to tax evasion. brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better...
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Feb 14, 2013
02/13
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KCSM
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after years of very little progress, the e appears to -- the eu appears to have an ally in what has. >> president obama announced the start of trade negotiations on a trade deal. brussels said talks could begin before summer. if successful, those negotiations would result in the biggest financial trade deal ever. >> the eu and u.s. already trade some 2 billion euros worth of goods and services every day. about 1/3 of total global commerce. president obama wants to bring that commerce into what would be the world's biggest free trade zone. the european commission says that would have world wide applications. >> which translates into tens of billions of euros every year and tens of thousands of new jobs. this offers us a great perspective at a time when we are gradually making our way to recovery. most important of all, it is a boost to our economies that does not cost 1 cent of taxpayer money. >> both sides stand to benefit. economists to warn that negotiations will be tough. the eu and washington disagree on issues ranging from industrial trade barriers and agricultural standards to
after years of very little progress, the e appears to -- the eu appears to have an ally in what has. >> president obama announced the start of trade negotiations on a trade deal. brussels said talks could begin before summer. if successful, those negotiations would result in the biggest financial trade deal ever. >> the eu and u.s. already trade some 2 billion euros worth of goods and services every day. about 1/3 of total global commerce. president obama wants to bring that...
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Feb 2, 2013
02/13
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KCSMMHZ
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. >> 1 trillion euros -- that's roughly how much the eu countries lose every year to tax evasion. brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially small and medium-size companies. >> it was a spectacular protest against italy's new tax laws. the owner of a small beach bar scaled the dome of st. peter's basilica in rome and stayed put for some 24 hours. when he climbed back down, he was greeted by a cheering crowd. [applause] >> i really hope this tax issue is resolved soon and our small businesses as well as the whole economy can pick up again, at least a little. >> the tax measures by italy's technocrat government under the prime minister are another weapon in the country's n
. >> 1 trillion euros -- that's roughly how much the eu countries lose every year to tax evasion. brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better...
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Feb 17, 2013
02/13
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KQED
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eu trade pac would have to be approved by the eu's 27 member states and by the u.s. congress. question how likely is a u.s. eu free trade agreement by next year. mort? >> highly likely. it is such a game changer everybody will realize what an enormous benefit it is. there are going to be regulatory problems we have to work out with the common market, agricultural issues as you suggested here but ultimately, it is such a plus for both sides that this is going to go through. won't be easy but it will get done. >> is my recollection correct that you predicted this on this program what three or four weeks ago? >> yes several weeks ago. that's right. >> did you have insider information on this? >> yes, i did. >> who did you talk to? >> i'll get back to you on that. >> why don't you get back to us right now. did you talk to the brits? >> i'm not in a position to talk about how i got it. i found out we were doing this. >> do you realize how huge this deal would be? >> yes, it is an absolutely constructive steps for both sides i don't no it is not. >> why? >> i'll tell you why. mort,
eu trade pac would have to be approved by the eu's 27 member states and by the u.s. congress. question how likely is a u.s. eu free trade agreement by next year. mort? >> highly likely. it is such a game changer everybody will realize what an enormous benefit it is. there are going to be regulatory problems we have to work out with the common market, agricultural issues as you suggested here but ultimately, it is such a plus for both sides that this is going to go through. won't be easy...
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Feb 18, 2013
02/13
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CSPAN2
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but they are an active member of the eu. she wants to keep them in. >> time is getting a little tight so let's go to questions very quickly. right here and then right over here. >> if you would, enhance economic opportunities in asia, more asian members of congress. >> that's an interesting thought. of course, you had some very senior members of congress, in fact the senior senator just died, senator inouye, wh who had tremendous clip it and you're seeing more and more asian members elected, male and female. and i think you will continue to see that. you
but they are an active member of the eu. she wants to keep them in. >> time is getting a little tight so let's go to questions very quickly. right here and then right over here. >> if you would, enhance economic opportunities in asia, more asian members of congress. >> that's an interesting thought. of course, you had some very senior members of congress, in fact the senior senator just died, senator inouye, wh who had tremendous clip it and you're seeing more and more asian...
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Feb 28, 2013
02/13
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KCSMMHZ
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france, right all eu countries, is in a crisis and needs new markets. >> is another of hollande -- that is another of hollande's priorities on this visit. >> in germany, the man who wants to replace angela merkel as chancellor in september is in hot water over italy's e -- election. >> he spoke of the near winners as clowns. one of them, beppe grillo, is a comedian, so he might not be that defended -- offended. >> the other is silvio berlusconi. he is a two-time former prime minister. >> the italian president's state visit to germany has been overshadowed by the diplomatic incident created by peer steinbrueck. italy and germany would continue to work together, despite occasional irritations. >tuesday, peer steinbrueck referred to a delete's former prime minister -- to italy's former prime minister as a clown. >> when one talks about things concerning another friendly, allied country, and about the result of a free election, one must be well balanced in his choice of words. >> he would not be drawn into the matter. >> i do not wish to comment. some statements are sufficient in themselves
france, right all eu countries, is in a crisis and needs new markets. >> is another of hollande -- that is another of hollande's priorities on this visit. >> in germany, the man who wants to replace angela merkel as chancellor in september is in hot water over italy's e -- election. >> he spoke of the near winners as clowns. one of them, beppe grillo, is a comedian, so he might not be that defended -- offended. >> the other is silvio berlusconi. he is a two-time former...
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Feb 2, 2013
02/13
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but they are an active member of the eu. she wants to keep them end. >> time is getting a little tight here, so let's go to two questions very quickly right here and then right over here. >> you said that you would enhance economic opportunities in asia, asian members of commerce. >> that is an interesting question. some very senior members of congress, in fact, the senior senator testified -- just died who had tremendous clout, and you're seeing more and more asian members elected, male and female, and i think he will continue to us see that. you know, -- [inaudible question] >> well, you have -- i think there are several -- one who is korean, one korean-american. at think you will see more going forward because you love a lot of asian-americans who are mayors in major cities to lend that think that if the answer is, i think it would be very helpful to have more asian americans as members of congress. and, of course, he had a governor who is now our ambassador to -- our secretary of commerce who is now our ambassador to bei
but they are an active member of the eu. she wants to keep them end. >> time is getting a little tight here, so let's go to two questions very quickly right here and then right over here. >> you said that you would enhance economic opportunities in asia, asian members of commerce. >> that is an interesting question. some very senior members of congress, in fact, the senior senator testified -- just died who had tremendous clout, and you're seeing more and more asian members...
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Feb 14, 2013
02/13
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FBC
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they are sending it to the eu. they sent it late yesterday. eleven countries are moving to the tobin tax. it is a 0.1% tax that would hit your 401(k)s. it is a blistering letter. you have to stop this tobin packs and it tracks. it will increase trading costs. it will diminish liquidity. it is a job killer. they also say they did not want a similar type of tax because it will kill jobs. the eu right now is in depression. it is in serious need of revenue. it will violate international treaties. they are worried about treaty protection. also, the big and run that is being talked about at the eu is that traders that assess this tax and do the trades outside that zone, those companies will not be allowed to do any trade transactions with those 11 countries whatsoever. this is serious breaking news for investors all over the world. connell: this would hit regular investors. liz: yes, if they have international investors. this would be collected from investors around the world. it is basically an overreach. that is what they are upset about. they are
they are sending it to the eu. they sent it late yesterday. eleven countries are moving to the tobin tax. it is a 0.1% tax that would hit your 401(k)s. it is a blistering letter. you have to stop this tobin packs and it tracks. it will increase trading costs. it will diminish liquidity. it is a job killer. they also say they did not want a similar type of tax because it will kill jobs. the eu right now is in depression. it is in serious need of revenue. it will violate international treaties....